From OPEC powerhouses and US shale producers to countries like Guyana, global producers are drilling more oil and driving down prices. And with the potential for a ceasefire in Russia and pressure on Maduro in Venezuela, even more oil could flood the market in 2026.

On today’s Big Take podcast, host David Gura sits down with Bloomberg oil trading reporter Alex Longley and Opinion columnist Javier Blas to discuss the forces driving the oil market right now, how they’re impacting different countries and why even lower prices could be on the way.

Read more: The World Is Awash With Oil and Prices Are Poised to Keep Falling

Hosted by: David Gura Produced by: Julia Press Reported by: Alex Longley and Javier Blas Edited by: Jeff Grocott Fact-checking by: Rachael Lewis-Krisky and David Fox Engineering by: Katie McMurran

Senior Producer: Naomi Shavin Deputy Executive Producer: Julia Weaver Executive Producer: Nicole Beemsterboer

From OPEC powerhouses and US shale producers to countries like Guyana, global producers are drilling more oil and driving down prices. And with the potential for a ceasefire in Russia and pressure on Maduro in Venezuela, even more oil could flood the market in 2026.
On today&rsquo;s Big Take podcast, host David Gura sits down with Bloomberg oil trading reporter Alex Longley and Opinion columnist Javier Blas to discuss the forces driving the oil market right now, how they&rsquo;re impacting different countries and why even lower prices could be on the way.
Read more: <a href="https://www.bloomberg.com/graphics/2025-global-oil-supply-prices/?srnd=undefined">The World Is Awash With Oil and Prices Are Poised to Keep Falling</a>
Hosted by: David Gura Produced by: Julia Press Reported by: Alex Longley and Javier Blas Edited by: Jeff Grocott Fact-checking by: Rachael Lewis-Krisky and David Fox Engineering by: Katie McMurran
Senior Producer: Naomi Shavin Deputy Executive Producer: Julia Weaver Executive Producer: Nicole Beemsterboer

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Even a US Blockade of Venezuela Isn’t Spiking Oil Prices

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/233d6346-df23-47d1-a0d8-b3bb01517470/transcript

Advertisement